paulson: Money is going unused
- 03/14/09 11:55 AM
MONEY IS GOING UNUSED.........TARP that is Many are doing everything possible to insure their business weathers this economic tsumani we have been experiencing. If not for our own business, certainly our customers rely on credit to make deals happen. Some of you may recall then Secretary Paulson's leadership in executing the TARP program switched from dealing with toxic mortgages to shoring up banks so their capitalization would "look good." Even though that was not the spirit originally agreed which became THE LAW so we could tap into our Treasury - TARP was born. Of course that move has been debated and … (3 comments)
But what a year we had in 2008 - Thank God we are able to be READING or WRITING or simply being able to tell our version of the year that certainly will mark the history books for ages to come.............. Many Active Rainers called this is 2007 and while it took full bloom in 2008 - the storm really started to brewed in 2007..............
Then right before our eyes the mortgge meltdown started happening all around us and there he was...........our own Uncle Sam pleading for a bailout......
My specific area of expertise is from the lending side of our business and as the roof in our industry started to leak around 2003, it quickly turned into torrent by 2005 and continues to this day as company after company has seen their client base disappear. Interestingly while many consumers groups, politicians and industry organizations started pointing fingers, I found it very perplexing that our industry literally stood silent rather than defend ourselves or the thousands of professionals who helped keep our economy moving as well as providing homeownership opportunities for … (3 comments)
paulson: 100% of NOTHING is still ZERO. We've seen this script before.........
- 12/04/08 02:27 AM
people/companies tout services or products that represent a great bargain but it doesn't do us any good because of various reasons. Well, the same is going on for the millions of homeowners caught in this economic juggernaut who wish they were in a position to take advantage of the low interest rates.
While the news is a great barometer of getting consumers back in the marketplace as we desparately try to fix our ailing economy, the reality is MANY will unfortunately miss the boat.
LOW RATES DON'T MEAN A THING IF YOU … (0 comments)
paulson: Loan Mods & The Bailout
- 11/28/08 03:53 AM
With the timing of the foreclosure crisis resulting into Loan Modifications as the solution to resolve the crisis homeowners are experiencing, the results were paltry at best and coincidentally criss-crossed with the now infamous discussion of Bailouts. Now we're really in a jam!!!!! Paulson intimated using a "Bailout" to help homeowners as a ploy to game the politicians in approving the plan, when in fact that was never the intention as how could you possible justify starting the game with AIG's boost? Months later the very homeowners who were the topic of discussion in getting the bailout approved have been left … (0 comments)
MONEY IS GOING UNUSED.........TARP that is;)
;)
